MindTree — Q4 FY2021 Earnings Presentation
22 slides from MindTree's earnings presentation, April 2021
Slide 1: Redefining Possibilities
Redefining Possibilities Mindtree Investor Presentation & Factsheet for Q4 & Year ended FY21
Slide 2: Safe Harbor
Safe Harbor This presentation may contain forward-looking statements, which involves number of risks and uncertainties that could cause our actual results to differ materially from those in such forward- looking statements. The conditions caused by the COVID-19 pandemic could decrease customer’s tec
Slide 3: Leading digital transformation partner with a history of over two decades
$1B+ 270+ annual revenue active clients Leading digital $20B+ transformation partner 23,800+ annual revenue of with a history of over Mindtree Minds parent company: two decades Larsen & Toubro 10+ Offices in Delivery locations 24 countries 3
Slide 4: Imperatives that drive our strategy
Imperatives that drive our strategy Build on our Focus Develop strategic existing strengths relationships & partnerships Continue to Simplify, Differentiate and Change 4
Slide 5: 4 X 4 X 4 Strategy
4 X 4 X4 Strategy X X Industry groups Service Lines Geographies RCM BFSI Retail, Consumer Banking, Financial Customer Data and North UK Products & Services & Manufacturing Insurance Success Intelligence America and Ireland Health Consulting TTH CMT Travel, Transport, Communication, Cloud Enterprise
Slide 6: Financial Highlights
Financial Highlights Robust growth : 8.1% ( ex TTH) for FY21 & Margin expansion : 680 bps for FY21 Healthy Order book : Q4 $375 M, +20.2% QoQ | FY21 $1,382, + 12.3% A milestone of $150 M of PAT for FY21 Strong earnings growth : EPS ₹ 67.4 , +76% for FY21 Completed Wage hike cycle effective January 2
Slide 7: Q4 Snapshot
Q4 Snapshot Revenue EBITDA $ 288.2 M $ 63.2 M 21.9% Q-o-Q 5.2% Q-o-Q 0.2% 120 bps Y-o-Y 3.5% Y-o-Y 32.3% 480 bps EBIT EPS $ 53.5 M 18.6% ₹ 19.25 Q-o-Q 0.2% 100 bps Q-o-Q 2.9% Y-o-Y 39.0% 470 bps Y-o-Y 53.7% Q-o-Q CC Revenue Growth of 5.0% 7
Slide 8: Quarter Financials (USD in Millions)
Quarter Financials (USD in Millions) Revenue EBITDA 288.2 70.0 63.3 63.2 30.0% 47.7 60.0 278.4 50.0 20.0% Q-o-Q 40.0 Q-o-Q 274.1 5.2% 30.0 0.2% 10.0% 20.0 10.0 17.1% 23.1% 21.9% 0.0 0.0% Q4 FY20 Q3 FY21 Q4 FY21 Q4 FY20 Q3 FY21 Q4 FY21 EBIT PAT 60.0 53.6 53.5 25.0% 50.0 45.0 44.2 43.3 20.0% 50.0 38.5
Slide 9: Quarter Financials (INR in Millions)
Quarter Financials (INR in Millions) Revenue EBITDA 4,679 4,626 21,093 3,512 20,505 Q-o-Q Q-o-Q 20,237 4.2% 1.1% Q4 FY20 Q3 FY21 Q4 FY21 Q4 FY20 Q3 FY21 Q4 FY21 EBIT PAT 3,962 3,913 3,265 3,173 2,833 2,062 Q-o-Q Q-o-Q 1.2% 2.8% Q4 FY20 Q3 FY21 Q4 FY21 Q4 FY20 Q3 FY21 Q4 FY21 9
Slide 10: Revenue within our Industry Group X GEO X Service Line
Revenue within our 4 Industry Group X 4 GEO X 4 Service Line X X Industry groups Service Lines Geographies Revenue (%) Q4FY20 Q3FY21 Q4FY21 Q4FY20 Q3FY21 Q4FY21 Q4FY20 Q3FY21 Q4FY21 Customer North BFSI 20.4% 19.6% 18.4% 40.5% 38.1% 38.6% 76.7% 77.2% 76.6% Success America Data & Continental CMT 43.1%
Slide 11: Client Composition and Relationship
Client Composition and Relationship Client Contribution to Revenue (%) Total Contract Value ($in millions) Q4 FY20 Q1 FY21 Q3 FY21 Q4 FY21 393 375 52.0 49.0 47.3 312 47.4 42.9 39.8 38.6 37.9 30.1 28.5 28.0 24.8 TOP CLIENT TOP 5 CLIENTS TOP 10 CLIENTS Q4 FY20 Q3 FY21 Q4 FY21 Q1FY21- surge in demand f
Slide 12: Deal wins for the Quarter
Deal wins for the Quarter Mindtree has been chosen as a strategic partner by a leading global travel software Mindtree partnered with one of the leading and technology company, to modernize electronic retailers to create Omnichannel passenger reservation platform and vision for their end users accel
Slide 13: Awards & Recognitions
Awards & Recognitions Everest Group, a leading consulting and Mindtree has been recognized by Mindtree has been recognized by Information research firm, recognized Mindtree as a “Major Information Services Group (ISG), a Services Group (ISG), a leading global Contender” in its Software Product Engin
Slide 14: Awards & Recognitions - continued
Awards & Recognitions - continued Winner of Golden Peacock National Award Second runner-up position in the ‘Best Recognized for ‘Workforce Planning and 2020 for Corporate Social Responsibility Employer for Women’ (large) category Staffing Solutions’ and ‘Organization Design’ Winner of BEST awards fo
Slide 15: ESG – Driving growth together
ESG – Driving growth together Environmental Social Governance Energy efficiency and Supporting education & Diverse and inclusive scope 1,2,3 emissions growing digital talent (Employees & Board) reductions Community Strong Corporate Optimal water & ethics & Risk empowerment wastewater Management poli
Slide 16: Employee Metrics
Employee Metrics Headcount and Attrition 25,000 25.0% Others Q4 FY20 Q3 FY21 Q4 FY21 23,814 20.0% Software Professionals 20,817 20,976 22,540 17.4% 22,500 22,195 S&M 229 298 312 12.5% 15.0% 21,991 12.1% G&A 945 921 962 20,000 10.0% Nationalities* 80 82 86 Q4 FY20 Q3 FY21 Q4 FY21 Women employees 32%
Slide 17: Key Financial and Other Metrics
Key Financial and Other Metrics Cash Flow (₹ millions) DSO (days) Free Cash flow Cash and Investments 66 25,234 28,057 13,610 61 60 5,800 3,168 147 Q4 FY20 Q3 FY21 Q4 FY21 Q4 FY20 Q3 FY21 Q4 FY21 ROCE (%) EPS Diluted (₹ per share) 41.7% 19.81 36.7% 19.25 29.4% 12.52 Q4 FY20 Q3 FY21 Q4 FY21 Q4 FY20 Q
Slide 18: Hedge Position and Rupee Dollar Rate
Hedge Position and Rupee Dollar Rate Currency Value (in millions) Avg. Rate/INR USD 1,146 79.2 Total hedges outstanding in USD includes • Balance sheet hedges of USD 132 M Rupee Dollar Rate Q4 FY20 Q3 FY21 Q4 FY21 • Cash flow hedges of USD 996 M • Options of USD 18 M Period Closing rate 75.33 73.04
Slide 19: Other Financial Metrics
Other Financial Metrics
Slide 20: Full Year Performance
Full Year Performance Revenue ($ millions) EBITDA ($ millions & %) 1,088.8 1,076.5 223.8 152.5 14.0% 12.9% 20.8% 20.4% FY20 FY21 FY20 FY21 EBIT ($ millions & %) PAT ($ millions & %) 188.8 150.0 113.9 88.5 10.5% 17.5% 8.1% 13.9% FY20 FY21 FY20 FY21 20
Slide 21: Revenue within our Industry Group X GEO X Service Line
Revenue within our 4 Industry Group X 4 GEO X 4 Service Line X X Industry groups Service Lines Geographies Revenue (%) FY20 FY21 FY20 FY21 FY20 FY21 Customer North BFSI 21.2% 19.6% 41.1% 38.8% 74.7% 77.5% Success America Data & Continental CMT 40.9% 50.0% 13.4% 14.8% 8.5% 7.2% Intelligence Europe UK
Slide 22: Welcome to possible
Welcome to possible Head Investor Relation Amisha.Munvar@mindtree.com